The Brava Star has been awarded a contract with Petrobras S.A. (“Petrobras”). The contract has an estimated duration of 810 days and includes a termination for convenience after 180 days subject to a demobilization fee. Work scope is in water depths up to 3,048m, and includes a full integrated package of services plus MPD. The work will be performed offshore Brazil and operations are expected to commence between March and April 2021.
On January 06, 2021, the Atlantic Star started its operations for Petrobras offshore the Brazilian coast, at the Campos Basin. The contract has a firm duration of 1095 days. “We are delighted to start the new year with some good news. Constellation has 100% of its offshore fleet under contract again and the Atlantic Star successfully started its operations for Petrobras. Now we have most of our offshore drilling units occupied until at least 2022, which is a remarkable achievement given the current industry status. We have rebuilt a strong presence in the Brazilian market with 7 rigs committed with Petrobras, which puts us in a good position to take advantage of a market recovery when it comes. The Company will now focus on the Brava Star’s reactivation, keeping up with its usual high standard operations.” said Mr. Rodrigo Ribeiro, CEO of Constellation.
The Atlantic Star is a midwater semi-submersible drilling rig which was acquired by the Company in 1997. An upgrade to Atlantic Star was completed in February 2011. The rig is capable of drilling at water depths of up to 2,000 feet and has a drilling depth capacity of up to 21,320 feet.
The Brava Star is an ultra-deepwater DP drillship constructed at Samsung Heavy Industries’ shipyard in South Korea. Brava Star is a latest-generation drillship capable of drilling in water depths of up to 12,000 feet and has a drilling depth capacity of up to 40,000 feet.
Source: Constellation
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